RBC Capital analyst Shelby Tucker says that PG&E's risk has increased after it was reported that the fires in Napa/Sonoma may have been caused by downed power lines. The analyst says that the company could recover losses in excess of its insurance coverage if it was not negligent, but will not be able to do so if it was negligent. He trimmed his price target on the shares to $68 from $70 but keeps an Outperform rating on the shares, saying he believes that the company was not at fault.

EIXEdison International

$78.05

-1.61 (-2.02%)

05/11/17

WOLF

05/11/17DOWNGRADETarget $79WOLFPeer Perform

Edison International downgraded to Peer Perform from Outperform at Wolfe

Wolfe downgraded Edison International to Peer Perform due to the CPUC's new proposed decision to short the agreement on cost of capital to 1 year from 2 years and lowered its price target to $79 from $84.

05/17/17

UBSW

05/17/17DOWNGRADETarget $80UBSWNeutral

Edison International downgraded to Neutral from Buy at UBS

UBS analyst Julien Dumoulin-Smith downgraded Edison International to Neutral from Outperform. The analyst cited uncertainties surrounding its cost of capital and sees risk of its constructive backdrop moderating. Dumoulin-Smith lowered his price target to $80 from $82 on Edison International shares.

08/11/17

JEFF

08/11/17UPGRADETarget $90JEFFBuy

Edison International upgraded to Buy from Hold at Jefferies

Jefferies analyst Anthony Crowdell upgraded Edison International to Buy citing valuation with the shares trading at a 4% to the large cap group average. He believes the stock should trade at a 5%-10% premium given the company's higher than average dividend, "strong" balance sheet and "attractive" organic growth opportunities. The analyst raised his price target for the shares to $90 from $85.

Nuance has ceased development this month of the Swype feature for both iOS and Android, six years after it acquired the company behind the keyboard app for roughly $100M, the Verge reports, citing an emailed statement. Nuance said that it would discontinue support of the keyboard app and shift focus to other products, the report says. "The core technology behind Swype will continue to be utilized and improved upon across other Nuance offerings - and integrated into our broader AI-powered solutions - most notably in Android-based keyboard solutions for our automotive customers," the company said, according to the Verge. Reference Link

Samsung Electronics (SSNLF) and Qualcomm Technologies (QCOM) announced their intention to expand their decade-long foundry relationship into EUV lithography process technology, including the manufacture of future Qualcomm Snapdragon 5G mobile chipsets using Samsung's 7-nanometer LPP EUV process technology. Using 7LPP EUV process technology, Snapdragon 5G mobile chipsets will offer a smaller chip footprint, giving OEMs more usable space inside upcoming products to support larger batteries or slimmer designs. Process improvements, combined with a more advanced chip design, are expected to bring significant improvements in battery life. Last May, Samsung introduced 7LPP EUV, its first semiconductor process technology to use an EUV lithography solution. It is anticipated that EUV lithography deployment will break the barriers of Moore's law scaling, paving the way for single nanometer semiconductor technology generations. Compared to its 10nm FinFET predecessors, Samsung's 7LPP EUV technology not only greatly reduces the process complexity with less process steps and better yield, but also allows up to a 40% increase in area efficiency with 10% higher performance or up to 35% lower power consumption.

Baskin-Robbins, a Dunkin' Brands company, announced its continued expansion in the Toronto, Ontario market with the signing of four new store development agreements with three existing franchise groups. The first Baskin-Robbins shop under these new agreements is scheduled to open in 2019. Currently, there are more than 80 Baskin-Robbins locations throughout the greater Toronto area, and growing the brand there remains a top priority for Baskin-Robbins in 2018 and beyond.

Celanese Corporation will increase list and off-list selling prices for the following acetyl intermediates products: acetic acid, acetic anhydride, butyl acetate, ethyl acetate, and vinyl acetate monomer. The price increases will be effective immediately, or as contracts otherwise allow, and are incremental to any previously announced increases.

Reports Q4 revenue $369.0M, consensus $340.56M. Q4 Adjusted EBITDA was $110.5M for the three months ended December 31, 2017, up 294% sequentially from $28.0M for the three months ended September 30, 2017 and up 691% from $14.0M for the three months ended December 31, 2016.

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